03:38 PM EDT, 10/24/2024 (MT Newswires) -- Health care stocks fell late Thursday afternoon with the NYSE Health Care Index down 0.7% and the Health Care Select Sector SPDR Fund (XLV) decreasing 0.4%.

The iShares Biotechnology ETF (IBB) shed 0.3%.

In corporate news, Marinus Pharmaceuticals ( MRNS ) shares plunged 82% after the company said its phase 3 trial of oral ganaxolone failed to meet the main goal and announced plans to cut costs and explore alternatives for the business.